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Originally Posted by mdsayh1
Any word on confirmed ownership of this building? I'm hearing more and more foreign ownership. Curious if it gets posted anywhere as to the percentage that are actually American? I know shell company usage for purchase is the norm these days so that could make it a little tougher to confirm but I'm guessing this is going to end up at least 2/3 foreign owned.
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About half the buyers are American, per the developer. So the building will be around half foreign-owned.
Notwithstanding the media hype, most high end real estate in New York is bought by locals. It isn't really like other markets, where the fancy buildings are mostly foreign-owned real estate.